Real Estate Market Update | February 2024 - Todd Conner Real Estate

Real Estate Market Update | February 2024

February Market Update for New Westminster

Below is the price comparison for New Westminster Houses and Condos for February 2024. View sales ratio average, most active price band, sellers and buyer’s best bet homes, neighbourhood and properties.

Market Summary DETACHED

  • Market Type Indicator NEW WESTMINSTER DETACHED: Balanced Market at 15% Sales Ratio average (1.5 in 10 homes selling rate)
  • Homes are selling on average 100% of list price
  • Most Active Price Band ** $1.5 mil to $1.75 mil with average 25% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $1.75 mil to $2 mil, Queensborough, The Heights and 5 to 6 bedroom properties
  • Sellers Best Bet** Selling homes in West End and 3 to 4 bedroom properties
    **With minimum inventory of 10 in most instances

Market Summary ATTACHED

  • Market Type Indicator NEW WESTMINSTER ATTACHED: Sellers Market at 34% Sales Ratio average (3.4 in 10 homes selling rate)
  • Homes are selling on average 100% of list price
  • Most Active Price Band** $400,000 to $500,000 with average 69% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $900,000 to $1 mil, Downtown and 3 bedroom properties
  • Sellers Best Bet** Selling homes in Sapperton and up to 1 bedroom properties
    **W ith m inim um inventoryof10 in m ostinstances
Data sourced from SnapStats Publishing.

February Market Update for Metro Vancouver

Download the PDF for a price analysis for Metro Vancouver in February 2024. Detailed information on detached homes, attached condos and townhomes are available!
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